WASHINGTON COUNTY MARYLAND CONVENTION AND VISITORS BUREAU INC (EIN 521866211) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

DANIEL SPEDDEN

Phone

3017913246

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON COUNTY MARYLAND CONVENTION AND VISITORS BUREAU INC, founded in 1986, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTE TOURISIM AND CONVENTIONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,815,350

Program Service Revenue $51,529

Investment Income $31,293

Other Revenue $0

TOTAL REVENUE $1,898,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,128

Fundraising Expenses $0

Program Expenses $1,896,675

Other Expenses $1,527,848

TOTAL EXPENSES $2,137,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,898,172	$2,130,726	-0.1%
Expenses	$2,137,976	$1,956,292	+0.1%
Net Income	$-239,804	$174,434	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

303

Independent Members

303

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$147,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SPEDDEN	PRESIDENT	040.00	Officer	$147,893	$0	$147,893
ANDREW SARGENT	DIRECTOR	001.00	Director	$0	$0	$0
SILA SLEGRET-BARTEL	DIRECTOR	001.00	Director	$0	$0	$0
EMILIE AMT	DIRECTOR	001.00	Director	$0	$0	$0
BRITTANY ARIZMENDI	DIRECTOR	001.00	Director	$0	$0	$0
DAVID BLENCKSTONE	DIRECTOR	001.00	Director	$0	$0	$0
JONATHAN HOROWITZ	DIRECTOR	001.00	Director	$0	$0	$0
JEREMY HULSE	DIRECTOR	001.00	Director	$0	$0	$0
RACHA ISKANDARANI	DIRECTOR	001.00	Director	$0	$0	$0
TERI LEITER	DIRECTOR	001.00	Director	$0	$0	$0
JESSICA CLARK	DIRECTOR	001.00	Director	$0	$0	$0
BRITTANY WEDD	DIRECTOR	001.00	Director	$0	$0	$0
LETTIE WILKES	DIRECTOR	001.00	Director	$0	$0	$0
JIM KERCHEVAL	ADVISORY MEMBER	001.00	Director	$0	$0	$0
JULIE ROHM	ADVISORY MEMBER	001.00	Director	$0	$0	$0
LESTER CURRY	ADVISORY MEMBER	001.00	Director	$0	$0	$0
JOHN GONANO	ADVISORY MEMBER	001.00	Director	$0	$0	$0
SARAH BLACK	ADVISORY MEMBER	001.00	Director	$0	$0	$0
KATIE CLUTZ	CHAIR	002.00	Officer	$0	$0	$0
AL MARTIN	TREASURER	002.00	Officer	$0	$0	$0
SARAH HALL	SECRETARY	002.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,898,172	$2,137,976	$1,178,628	$-239,804
2023	$2,130,726	$1,956,292	$1,540,859	$174,434
2022	$2,225,864	$1,876,060	$1,341,931	$349,804
2021	$1,378,988	$1,334,355	$965,056	$44,633
2020	$1,518,903	$1,094,439	$916,069	$424,464
2019	$1,535,177	$1,472,946	$309,949	$62,231
2018	$1,359,952	$1,360,864	$250,894	$-912

WASHINGTON COUNTY MARYLAND CONVENTION AND VISITORS BUREAU INC